Question – With which country did India hold bilateral trade talks in New Delhi in January 2022?
(a) South Korea
(b) North Korea
(c) China
(d) Japan
Answer—(a)
Related facts—
- India held bilateral trade talks with South Korea in New Delhi in January 2022.
- The main points of this dialogue are as follows:
- non-tariff barriers;
- market access issues;
- Trade deficit being faced by Indian exporters;
- investment related issues;
- India has expressed its expectation to invest in sectors such as e-vehicles, semi-conductors and technology.
- The issue of upgrading the Comprehensive Economic Cooperation Agreement remained at the center during the talks.
- It is noteworthy that on August 7, 2009, the Comprehensive Economic Cooperation Agreement was signed between the two countries, which facilitated the access of India’s service sector to the South Korean market.
- During the summit in 2018, a target was set to increase bilateral trade from $20 billion then to $50 billion by 2030.
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